Income Taxes |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes For interim tax reporting, we estimate our annual effective tax rate and apply it to our year to date ordinary income. Tax jurisdictions with a projected or year to date loss for which a benefit cannot be realized are excluded. For the three months ended June 30, 2026, income tax expense from continuing operations of $2,555 was attributable to the mix of earnings among tax jurisdictions, tax credits and incentives and the impact of valuation allowances in certain jurisdictions. The effective tax rate of (93.9)% varies from the statutory rate primarily due to tax credits and incentives and the impact of valuation allowances in certain jurisdictions. For the three months ended June 30, 2025, income tax expense from continuing operations of $1,542 was attributable to the mix of earnings among tax jurisdictions, foreign withholding taxes and tax credits and incentives offset by U.S. taxes on foreign earnings. The effective tax rate of (16.1)% varies from the statutory rate primarily due to foreign withholding taxes and tax credits and incentives offset by U.S. taxes on foreign earnings. For the six months ended June 30, 2026, income tax expense of $3,969 was attributable to the mix of earnings among tax jurisdictions, tax credits and incentives and the impact of valuation allowances in certain jurisdictions. The effective tax rate of (24.7)% varies from the statutory rate primarily due to tax credits and incentives and the impact of valuation allowances in certain jurisdictions. For the six months ended June 30, 2025, income tax expense of $3,118 was attributable to the mix of earnings among tax jurisdictions, foreign withholding taxes and tax credits and incentives offset by U.S. taxes on foreign earnings. The effective tax rate of (19.5)% varies from the statutory rate primarily due to foreign withholding taxes and tax credits and incentives offset by U.S. taxes on foreign earnings.
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